Brant Point Investment Management LLC Acquires Shares of 1,500 MasTec, Inc. $MTZ

Brant Point Investment Management LLC acquired a new stake in shares of MasTec, Inc. (NYSE:MTZ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,500 shares of the construction company’s stock, valued at approximately $326,000.

A number of other institutional investors have also made changes to their positions in the business. Aigen Investment Management LP raised its holdings in shares of MasTec by 3.8% in the fourth quarter. Aigen Investment Management LP now owns 1,041 shares of the construction company’s stock valued at $226,000 after buying an additional 38 shares during the last quarter. Forest Avenue Capital Management LP raised its holdings in shares of MasTec by 17.1% in the fourth quarter. Forest Avenue Capital Management LP now owns 494,011 shares of the construction company’s stock valued at $107,383,000 after buying an additional 72,137 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of MasTec by 18.2% in the fourth quarter. Kestra Advisory Services LLC now owns 1,620 shares of the construction company’s stock valued at $352,000 after buying an additional 249 shares during the last quarter. Marshall Wace LLP bought a new position in shares of MasTec in the fourth quarter valued at about $22,259,000. Finally, Soros Fund Management LLC bought a new position in shares of MasTec in the fourth quarter valued at about $3,196,000. 78.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MTZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on MasTec from $471.00 to $491.00 and gave the company an “overweight” rating in a report on Wednesday, May 13th. The Goldman Sachs Group lifted their price target on MasTec from $348.00 to $487.00 and gave the company a “buy” rating in a report on Monday, May 4th. Cantor Fitzgerald lifted their price target on MasTec from $347.00 to $545.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Mizuho lifted their price target on MasTec from $428.00 to $498.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Zacks Research raised MasTec from a “hold” rating to a “strong-buy” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $459.28.

Insider Buying and Selling

In related news, Director C Robert Campbell sold 3,000 shares of MasTec stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $417.00, for a total value of $1,251,000.00. Following the completion of the sale, the director directly owned 30,646 shares in the company, valued at $12,779,382. This trade represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Javier Alberto Palomarez sold 950 shares of MasTec stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $325.43, for a total value of $309,158.50. Following the completion of the sale, the director owned 10,592 shares of the company’s stock, valued at approximately $3,446,954.56. The trade was a 8.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,450 shares of company stock worth $3,972,764 over the last three months. 21.40% of the stock is currently owned by company insiders.

MasTec Price Performance

Shares of MTZ stock opened at $362.63 on Friday. The stock has a 50-day moving average price of $378.24 and a 200 day moving average price of $297.85. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.69. The firm has a market cap of $28.65 billion, a price-to-earnings ratio of 63.51 and a beta of 1.77. MasTec, Inc. has a 12 month low of $159.77 and a 12 month high of $441.43.

MasTec (NYSE:MTZ) last announced its quarterly earnings data on Thursday, April 30th. The construction company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.41. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.47 billion. MasTec had a return on equity of 17.15% and a net margin of 2.94%.The company’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. MasTec has set its FY 2026 guidance at 8.790-8.790 EPS and its Q2 2026 guidance at 2.200-2.200 EPS. Research analysts expect that MasTec, Inc. will post 8.51 EPS for the current year.

MasTec Profile

MasTec, Inc is a diversified infrastructure construction company that provides engineering, fabrication, installation and maintenance services across a broad range of end markets. Its principal activities encompass the development of communications networks, oil and gas pipeline systems, electrical transmission and distribution facilities, industrial installations and renewable energy projects.

The company traces its roots to a small cable installation operation in Miami and has grown through a series of strategic acquisitions to become one of the largest infrastructure contractors in North America.